Alexander And Kline Give Statement On Student Loan Interest Rate Report

Friday, January 31, 2014

Senator Lamar Alexander and House Education and the Workforce Committee Chairman John Kline (R-Mn.) issued the following joint statement after the Government Accountability Office (GAO) released a report on federal student loan interest rates:

“Today’s GAO report makes it clear that Congress was exactly right to tie student loan interest rates to market rates, because that is the fairest way to ensure the loans don’t overcharge either students or taxpayers. The Bipartisan Student Loan Certainty Act cut interest rates for undergraduate loans nearly in half and made all student loans cheaper, simpler and more certain.”

The Bipartisan Student Loan Certainty Act (also known as the Smarter Solutions for Students Act) included a provision directing the GAO to provide information on issues related to the cost of federal student loans. Specifically, the report was intended to help members of Congress determine whether there was an ideal federal student loan interest rate that would ensure the government could cover Direct Loan costs without generating excess revenue. To read the full report, entitled “Borrower Interest Rates Cannot Be Set in Advance to Precisely and Consistently Balance Federal Revenues and Costs,” click here.


Bluegrass Jamboree To Benefit "D9" Will Be Held May 16

The Harrison Ruritan Club is hosting a Bluegrass Jamboree to benefit the Ooltewah Harrison Education Foundation, also known as "D9" on Saturday, May 16, from 6-9 p.m. at the Jim McKinney Hall.  Admission is $5 and proceeds will go to D9.  The Bluegrass Jamboree will feature the Lewis Branch Band, Allison/Crass, and New Grass Express.  The Harrison Ruitan Club will ... (click for more)

Rhodes Scholar Graduates From UTC

Robert Fisher, Brock Scholar, Rhodes Scholar, Truman Scholar, and two-term SGA president has graduated from UTC with a bachelor of Science: Political Science and a minor in history and in Africana studies. As a Rhodes Scholar, Mr. Fisher will begin the pursuit of his master’s degree at the University of Oxford.  He has visited England in the past, but Mr. Fisher has not ... (click for more)

Ganns/Falling Water School Way Over Budget

The final figure for the new Ganns/Falling Water School is way over budget, county officials said Wednesday. However, the County Commission voted to proceed on the $29,414,000 project. Gary Waters of the county schools said his estimate had been $25 million and he was surprised at the amount of the school bid that was awarded to Rentenbach Constructors. He said in lean times ... (click for more)

Hutcherson Says Erlanger Board To Be More Transparent; Dinner Meetings To Be Open

Erlanger Board Finance Chairman Donnie Hutcherson said the board plans to be more transparent. He said Erlanger's legal staff will review topics that might be covered in a closed meeting. He stated, "This will be based on a very conservative interpretation of applicable statutes and other guidance; therefore, more items will be discussed in open session." Mr. Hutcherson also ... (click for more)

The Swat Heard 'Round The World

If one can reach Toya Graham, the lady who whipped her boy and brought  him home from a life of crime in Baltimore, I want to give her a  nomination for my Bill of Rights Award.  This was a beautiful move and one which I call The Swat Heard 'Round the World.  Mind you, if it had been a white lady whipping her child to save her child from crime, she would ... (click for more)

Roy Exum: Anti-Semitism Is Now Here

To those of the Jewish faith, the celebration of Passover every year is one of freedom. The sacred holidays, held in early April, commemorate the Exodus out of Egypt when Moses led the tribe of Israel from slavery to freedom. I believe it is one of the greatest stories in the Bible. On the other hand, the Jewish people of today are hardly free. Globally, anti-Semitic attacks in ... (click for more)